Mahanagar Telephone Nigam Ltd's Q3FY25 Quarterly Results

Result Summary

• Mahanagar Telephone Nigam Ltd reported a 3.9% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.3%.
• Its expenses for the quarter were down by 3.4% QoQ and up 0.1% YoY.
• The net profit decreased 6.1% QoQ and decreased 0.4% YoY.
• The earnings per share (EPS) of Mahanagar Telephone Nigam Ltd declined at 13.3 during Q3FY25.

Financial Statments for Q3FY25

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

Mahanagar Telephone Nigam Ltd (MTNL) is a government-owned telecommunications service provider in India. Primarily, MTNL serves the metropolitan regions of Mumbai and Delhi, offering a range of telecommunications services including fixed-line telephony, mobile services, internet, and broadband solutions. MTNL has played a significant role in the urban telecommunication infrastructure of these cities. There are no recent major developments available based on the provided data, and any additional information would require further research outside the scope of this report.

Revenue

In the third quarter of the fiscal year 2025 (Q3FY25), Mahanagar Telephone Nigam Ltd reported a total income of ₹339.40 crores, reflecting a quarter-over-quarter (QoQ) increase of 3.9% from Q2FY25, where the total income was ₹326.51 crores. Compared to the same quarter in the previous fiscal year (Q3FY24), the total income grew by 1.3% from ₹335.10 crores. This growth suggests an upward trend in revenue generation over both the quarterly and annual periods examined. The consistent year-over-year (YoY) increase in total income denotes a positive revenue trajectory over the past year.

Profitability

For Q3FY25, MTNL reported a Profit Before Tax (PBT) of -₹836.32 crores, showing an improvement from Q2FY25 where the PBT was -₹891.05 crores, representing a 6.1% QoQ reduction in losses. Compared to Q3FY24, where the PBT was -₹839.69 crores, there's a slight YoY improvement of 0.4%. The Profit After Tax (PAT) followed a similar pattern, improving from -₹890.28 crores in Q2FY25 to -₹836.07 crores in Q3FY25, also indicating a 6.1% reduction in losses. The Earnings Per Share (EPS) for Q3FY25 was reported at -₹13.30, which is an improvement from -₹14.10 in Q2FY25, reflecting a 5.7% QoQ increase. The EPS remained unchanged YoY in comparison to Q3FY24.

Operating Metrics

Total expenses for MTNL in Q3FY25 were ₹1175.72 crores, which marks a decrease of 3.4% from the previous quarter's (Q2FY25) expenses of ₹1217.56 crores. Year-over-year, total expenses showed a negligible increase of 0.1% from ₹1174.79 crores in Q3FY24. The reduction in total expenses from the prior quarter suggests effective cost management efforts. With respect to tax, MTNL reported no tax liability for the quarters analyzed, maintaining a tax expense of ₹0.00 across Q3FY25, Q2FY25, and Q3FY24. This consistency indicates that there have been no tax obligations impacting the financial outcomes for these periods.